Real Estate Bottle Rocket

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It seems that one of the principal beneficiaries of the constantly-declining interest rate market has been real estate (coupled with the fact, I suppose, that newly-minted millionaires from China want to shove their money safer than the Middle Kingdom). Whatever the reason, the chart below, which is the triple-bullish real estate ETF, is jaw-dropping.



I daresay that few people in 2009 would have figured the most terrific place to pour their assets would be real estate, which was an industry that was basically in flames just the year before.